Americold Realty Trust revealed a $1.3 billion joint venture deal with EQT, giving the beaten-down cold storage company’s stock a much needed breath of fresh air. Americold announced the joint venture — which includes 12 cold storage facilities — will bring in about $1.1 billion in cash to pay down the firm’s debt. EQT will take a 70 percent interest, while Americold will retain a 30 percent interest and continue managing the properties day to day, according to a release announcing the deal. The company has come under increasing pressure from activist investors pushing it to explore options to sell […]

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